IQ Stock Recent News

BEIJING, Feb. 24, 2025 (GLOBE NEWSWIRE) -- iQIYI, Inc. (Nasdaq: IQ) (“iQIYI” or the “Company”), a leading provider of online entertainment video services in China, today announced the closing of its offering (the “Notes Offering”) of US$350 million in aggregate principal amount of 4.625% convertible senior notes due 2030 (the “Notes”). The Notes bear interest at a rate of 4.625% per year, payable quarterly in arrears on March 15, June 15, September 15 and December 15 of each year, beginning on June 15, 2025. The Notes will mature on March 15, 2030, unless repurchased, redeemed or converted in accordance with the terms of the Notes prior to such date. The net proceeds of the Notes Offering (after deducting the initial purchasers' discount, taking into account the estimated reimbursement from the initial purchasers for certain expenses incurred by the Company in connection with the Notes Offering, but without deducting other estimated offering expenses payable by the Comp

BEIJING, Feb. 20, 2025 (GLOBE NEWSWIRE) -- iQIYI, Inc. (Nasdaq: IQ) (“iQIYI” or the “Company”), a leading provider of online entertainment video services in China, today announced the pricing of its upsized offering (the “Notes Offering”) of US$350 million in aggregate principal amount of 4.625% convertible senior notes due 2030 (the “Notes”). The Notes will bear interest at a rate of 4.625% per year, payable quarterly in arrears on March 15, June 15, September 15 and December 15 of each year, beginning on June 15, 2025. The Notes will mature on March 15, 2030, unless repurchased, redeemed or converted in accordance with the terms of the Notes prior to such date.

iQIYI's 4Q24 results missed expectations, with membership revenue declining for the fifth consecutive quarter and advertising revenue pressured by China's macroeconomic challenges. Management is optimistic about a recovery in 1Q25 due to a better content slate, but competition from mini-dramas and lack of content innovation pose risks. We prefer Netflix to iQIYI due to Netflix's established global scalability and self-reinforcing content model, which iQIYI struggles to replicate.

Chinese video streaming platform iQIYI has launched a $300 million convertible bond offering, showed a term sheet reviewed by Reuters on Thursday.

BEIJING, Feb. 20, 2025 (GLOBE NEWSWIRE) -- iQIYI, Inc. (Nasdaq: IQ) (“iQIYI” or the “Company”), a leading provider of online entertainment video services in China, today announced the commencement of an offering by the Company of US$300 million aggregate principal amount of its convertible senior notes due 2030 (the “Notes”), subject to market and other conditions (the “Notes Offering”).

iQIYI, Inc. (NASDAQ:IQ ) Q4 2024 Earnings Conference Call February 18, 2025 6:30 AM ET Company Participants Chang You - Investor Relations Director Yu Gong - Founder, Chief Executive Officer & Director Jun Wang - Chief Financial Officer Youqiao Duan - Senior Vice President, Membership Business Xiaohui Wang - Chief Content Officer Xianghua Yang - Senior Vice President, Movies & Overseas Business Conference Call Participants Xueqing Zhang - CICC Lei Zhang - Bank of America Securities Lincoln Kong - Goldman Sachs Maggie Ye - CLSA Operator Thank you for standing by, and welcome to the iQIYI's Fourth Quarter and Fiscal Year 2024 Earnings Conference Call. All participants are in a listen-only mode.

BEIJING, Feb. 18, 2025 (GLOBE NEWSWIRE) -- iQIYI, Inc. (Nasdaq: IQ) (“iQIYI” or the “Company”), a leading provider of online entertainment video services in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2024.

BEIJING , Feb. 7, 2025 /PRNewswire/ -- On Feb. 5, iQIYI, China's leading online entertainment platform, released its viewership data and content trends for the Chinese New Year (CNY) holiday period (Jan. 28 to Feb. 4). Classic IPs, including blockbuster films, served as a powerful foundation, driving a surge in online viewership of related content and fueling platform-wide engagement.

BEIJING , Jan. 24, 2025 /PRNewswire/ -- On Jan. 21, iQIYI, China's leading online entertainment platform, launched upgrades to its Diamond VIP membership, enabling members to unlock Member Express Packages without needing additional membership points or purchases. The upgrade continues iQIYI's refinement of the platform's diverse membership offerings.

iQIYI is leveraging GenAI tools and ChatGPT to enhance video production, positioning itself for growth in the AI video generator market projected to grow at 19% CAGR. Despite recent revenue declines, iQIYI's new family account option and short dramas could drive future net income and free cash flow growth. The Chinese government's financial stimulus could boost consumer spending, potentially increasing demand for iQIYI's products and improving financial performance.